Manipal Hospitals Lowers IPO Valuation to ₹80,000 crore

Manipal Hospitals marked a significant adjustment to its public offering, cutting the valuation for its initial public offering (IPO) from ₹91,000 crore to ₹80,000 crore. The multimillion‑rupee exit is slated to provide a more competitive entry price for potential investors.

The shift comes amid a deceleration in the Indian IPO market, heightened capital costs, and an increase in the number of healthcare listings. Corporate insiders noted that a lower valuation would help maintain the floating price of the IPO shares within the targeted range of ₹63-65 per share for all allotments.

By trimming the IPO size, the hospital aims to widen its investor base and avoid diluting equity while pacing itself for a potentially slower market. Source: Google News – Manipal.